Real estate blog entries tagged with time by South Austin Real Estate Blog (Sky Realty South Austin)

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Home : Blogs : South Austin Real Estate Blog : South Austin Real Estate Blog - Sky Realty : Tag "time"

time: When Time is of the Essence, are you thinking about Buying a Home? $8000 Tax Credit - 08/01/09 07:32 PM

Are you thinking about Buying a Home? Using the $8000 Tax Credit the timeline is approaching.
When Time is of the Essence, we know that is a legalese term that most Realtors® adhere to but do not use much. What does it mean? According to a legalese website... I found this as the meaning.
A phrase in a contract that means that performance by one party at or within the period specified in the contract is necessary to enable that party to require performance by the other party.
Failure to act within the time required constitutes a breach of the contract. … (12 comments)

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